Federal Realty Investment Trust Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Raises Earnings Guidance for 2018
For the nine months, the company reported total revenue of $680,060,000 against $633,391,000 for the same period a year ago. Operating income was $266,383,000 against $249,131,000 for the same period a year ago. Income from continuing operations was $182,231,000 against $175,136,000 for the same period a year ago. Net income attributable to the trust was $187,400,000 against $239,258,000 for the same period a year ago. Net income available for common shareholders was $181,369,000 or $2.47 per basic and diluted share against $238,810,000 or $3.31 per basic share and $3.30 per diluted share for the same period a year ago. For the nine months ended September 30, 2018, FFO was $344,550,000, or $4.66 per diluted share, compared to $324,491,000 or $4.45 per diluted share for the same nine month period in 2017.
The company raised its guidance for 2018 FFO per diluted share to a range of $6.18 to $6.24 and increased 2018 earnings per diluted share guidance to a range of $3.23 to $3.29.